Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%
Price spread now: Injective against Binance+2.500%107s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 2.500% dearer against Binance than usual: you sell high and buy low (spread +2.500% now, against zero (this spread has no 7-day history yet)): +$250 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SUSDT | 0.04000 | 0.0100 | pay 0.0050% / 4h | 3h 07m | $5.5M | $15.7M | 75x |
| Short | Injective S/USDC PERP | 0.04100 | 0.0033 | get 0.0004% / 1h | 7m 32s | $2K | $37K | 12x |
Binance SUSDT
Injective S/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +2.500% → 0.000%
- $250
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $225.98
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 3 min ago | 2.50 bp | 18.9 bp −$19 | 58.3 bp −$583 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S on 25 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.2019% | 1h | 0.04002 | +0.046% | $34K | $23K | 10x | as long as short |
| 01 Exchange SUSD | −0.1688% | 1h | 0.04000 | 0.000% | $25K | $2K | 5x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03959 | −1.025% | $49K | $5K | 25x | as long as short |
| Variational Omni S | −0.0682% | 4h | 0.03997 | −0.079% | $621K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04003 | +0.065% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03999 | −0.016% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04002 | +0.040% | $617 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.04002 | +0.050% | $102K | $331K | 10x | as long as short |
| Injective S/USDC PERPshort | +0.0033% | 1h | 0.04100 | +2.500% | $2K | $37K | 12x | |
| Lighter S | +0.0096% | 1h | 0.04004 | +0.100% | $164K | $192K | 5x | as long as short |
Kraken Futures PF_SUSD
01 Exchange SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04000 | 0.000% | $1.0M | $621K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04002 | +0.054% | $44K | $141K | 10x | as long as short |
| Binance SUSDTlong | +0.0100% | 4h | 0.04000 | long leg | $5.5M | $15.7M | 75x | |
| Bybit SUSDT | +0.0100% | 4h | 0.03995 | −0.125% | $5.7M | $4.9M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04001 | +0.025% | $981K | $4.5M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03998 | −0.050% | $326K | $218K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04000 | 0.000% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04001 | +0.025% | $1.9M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04003 | +0.075% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04000 | 0.000% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04010 | +0.250% | $26K | $446K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04000 | −0.004% | $224K | $1.1M | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0278% | 1h | 0.04010 | +0.250% | $117K | $325K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04004 | +0.100% | $271K | $127K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0499% | 1h | 0.04007 | +0.175% | $67K | $10K | 10x | as long as short |
Hyperliquid S
Aster SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Backpack S_USDC_PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL